Main to remember
- The latest Dogecoin correction follows a historical model, referring to a strong rebound.
- A crucial trend line has turned into resistance, which has an impact on short -term movements.
- DOGE could either peak by February or consolidate before a major increase in mid-201.
The behavior of the Dogecoin prices continues in harmony with past cycles, supporting the possibility of a short -term escape. Mastiff The enthusiast Kevin mentioned That Doge finished his second significant drop in this bull race, following similar trends in his past behavior. The drop in terms of percentage is in harmony with past cycles, and assuming that Bitcoin holds its ground, Doge can start its new step at any time.
The market observers have seen the past corrections of Dogine following in a characteristic way with fast rebounds, opening doors for new gatherings. This recurring behavior strengthens the case for potentially falling into a critical stage when the momentum could be reversed significantly in a few weeks.
Key resistance emerges after a clear drop
Master KenobiOne of the cryptocurrency observers has seen an interesting symmetry in the Dogecoin price table. Doge’s Bull Run, in his opinion, began in February 2024, culminating in an increase of 3x, only for a strong fall in August to reverse these gains. DOGE then saw a 6x pump in its revival, to lose 57% value in the most current slowdown.
One of its most important breakthroughs is the support of the green trend line, which, in the previous movements, had been unbreakable. It changed, however, with the fall of yesterday, when it was broken and became a level of resistance. DOGE has already recovered 45% with its drop, but overcoming this level is important. If the price fails to unravel, Dogecoin can have an extended side exchange in its future big movement.
The next Dogecoin movement: a quick peak or a wave of delay?
In the meantime, two possible scenarios could take place. The first possibility is a rehearsal of February 2024, where Doge quickly resumes the momentum and culminates by the end of this month. The second scenario reflects the model of August 2024, where the price is consolidated for a certain time before a strong rally took shape in April or May.
Kenobi pointed out that in the event that the August model is repeated, a current accident can be used to prepare for a colossal break. 6x move out of the low current will evolve Dogee around $ 1.25, an ambitious but sustained objective in the history
While the concerns concerning a first bear market dominate, Kenobi does not believe that such a scenario will take place in 2025. While Bitcoin opens the way, the investors Doges follow closely, speculating on the fact that the same will repeat its boom and decrease trends or travel traveling to its new summit.
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